Top Analyst Says He’s Accumulating Three Ethereum Challengers Along With Three Additional Crypto Assets

Crypto strategist Michaël van de Poppe says he’s planning to accumulate a handful of altcoins including three Ethereum (ETH) competitors.

Van de Poppe tells his 636,300 Twitter followers that he has his sights set on decentralized oracle network Chainlink (LINK), as well as XCAD, the native asset of non-fungible token (NFT) marketplace XCAD Network, and Skale (SKL), a blockchain network designed to allow developers to create and provide decentralized chains that are completely compatible with Ethereum.

Van de Poppe says he is also targeting Ethereum rivals Near Protocol (NEAR), Elrond (EGLD) and Concordium (CCD).

Looking closer at Concordium, Van de Poppe highlights that the enterprise-grade blockchain is moving beyond its target market, which he says could bring “ample” opportunties for growth.

“Whereas [Concordium] targeted enterprises first, it currently looks to attract many projects and users across industries, including DeFi (decentralized finance), gaming, [and] metaverse.” 

The crypto analyst is also looking at interoperable blockchain technology Quant (QNT) for possible trades. According to Van de Poppe, QNT is currently in a corrective period, which it could reverse if the altcoin converts resistance around $178 into support.

“We are in a downtrend in this specific timeframe. It is important to break this downtrend and this could happen by gaining the resistance area at $176-178. If we are able to flip this area for support, it is likely that we get another retest of the $191.6 level. If we maintain the temporary downwards momentum, it is possible that we are going to test the level of $158.8.”

At time of writing, QNT is changing hands for $173.95.

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Featured Image: Shutterstock/Sergey Nivens/Vladimir Sazonov